Chapter 2238 Shang Ying's Funeral
Everyone at the scene, including Yang Xu, exploded!
"No, Mr. Chen, you cut off 90% of the price with this one stroke. Isn't that too cruel?"
"If we only get back 10% of the arrears, then the leader will scold us to death!"
"No, no, absolutely not! If you buy something worth 500 billion for 50 billion, you might as well just grab it!"
"..."
Everyone shook their heads and firmly disagreed.
Yang Xu said: "Mr. Chen, our Imperial Bank and Moyuan Capital have been old partners for many years. 50 billion... is really a bit too low."
"Well, we sincerely want to get rid of this IOU.
250 billion, cut it in half, and let’s bear with the other half and don’t want it anymore! how? "
When the others heard this, they couldn't help but mutter again:
"No, 250 billion is too little!"
"We didn't ask for a penny in interest, and the principal was cut in half. Isn't this an improper act of taking advantage of someone else?"
"80%, Mr. Chen."
"Yes, I think 80% will work. The remaining 20%, which is 100 billion plus interest, we can give it to Mr. Chen as a gift!"
"Yes, yes, Mr. Chen is so capable, he will definitely be able to recover the debt. 80%, that's it!"
With everyone's words and my words, the price was actually raised to 80%, and it looked like Chen Mo was taking advantage.
Yang Xu was speechless.
If he can get 80%, then he wants a shitty 50%!
Chen Mo kept smoking and didn't speak, letting these whimsical guys talk about them.
About 10 minutes passed.
The scene gradually became colder, and everyone had finished talking. Everyone stared eagerly, waiting for Chen Mo to speak.
Chen Mo finished smoking a cigarette and then said calmly: "Are you done with your daydreams? Can you wake up and talk?"
Yang Xu bit the bullet and said, "Mr. Chen, 10% is indeed too low."
Chen Mo tapped the table with one finger: "President Yang, and everyone else, do you think I, Chen, am a novice?"
"Okay, now I will give you some knowledge about debt transfer."
“President Yang, let’s take the example of banks selling irrecoverable debt bonds (commonly known as “bad debts” or “non-performing assets”).
The selling price of this part is not simply based on a fixed percentage of the principal. The actual selling price depends on a variety of factors, including but not limited to:
1. Length of time the debt has been owed: The longer the debt has been owed, the less likely it is to recover, so the selling price will be correspondingly lower.
2. The credit status of the debtor: If the debtor has been deemed bankrupt or has extremely poor credit status, the selling price of the bond will be very low.
3. Market conditions: Market demand and supply conditions will also affect the selling price. If there are many similar bad debt assets for sale in the market and there is insufficient demand, the selling price will fall.
4. The specific terms of the bond: For example, whether there is collateral, whether there is a guarantor, etc. will affect the selling price of the bond.
5. Legal environment: The legal environment in different countries and regions has different regulations on the handling and recovery of bad debts, which may also affect the selling price.
6. Negotiation skills: The negotiation skills between the seller and the buyer will also affect the final selling price. "
“In some cases, such a bond may be a small percentage of the principal amount, such as 10%.
When it is determined that it is impossible to recover the debt, it is possible to sell such bonds at a ratio of 1% or even lower. "
"Come on, come on, everyone, just follow the six points I mentioned and let's take stock of Shang Li's debt."
"The debt has been owed for three years, and the debtor's credit is extremely low and he has no intention of paying it back. What's the market situation like? Do you think anyone else besides me is willing to take over this kind of junk debt?
He has no collateral, and the law does not allow you to forcefully collect Uranus' debts. As for negotiation skills, let alone negotiation skills, you can't even meet him in person. "
"President Yang, and everyone else, tell yourselves, I will offer 10% of the price, is it low?"
Everyone showed helpless expressions at this moment.
I met an expert, but there is no way!
Yang Xu's face changed again and again, and he gritted his teeth: "Having said that, if it is really sold at a 10% ratio, we really can't make a deal with the superiors!"
"yes!"
"Mr. Chen, you have to add a little more no matter what!"
"You are professional and we are convinced, but we also have our own difficulties!"
"10%... ugh... it's hard to handle! Please add more, Mr. Chen. You are the richest man in Great Xia. The price of tens of billions is nothing to you, but to us, it is life-saving money!"
Chen Mo even laughed angrily.
After everything has been said so clearly, why are you still bargaining?
"Is it difficult to do it? Then don't do it!"
"Since I have presented the facts and made sense, and you are still not satisfied, then go back and find a way to collect the debt on your own."
"Leng Feng, see the guests off!!!"
Chen Mo waved his hand, and Leng Feng immediately rushed in with people and kicked them out.
"No! Mr. Chen! Let us think about it again!"
"Mr. Chen, we have something to discuss, so don't chase people away!"
"..."
Everyone panicked, fearing that Chen Mo really didn't want to do it anymore.
As Chen Mo said, Shang Li's debt business has Chen Mo as his only client in Daxia and even the whole world.
Even if he lowers the price to 1%, although they are unwilling to sell it now, sooner or later they will have to compromise.
Yang Xu hurriedly smiled and apologized: "Mr. Chen, 10% is 10%! We agree!"
Chen Mo smiled: "Everyone agrees?"
"Yes, everyone agrees."
"Although 10% is a loss, we accept it."
"Just consider it as making friends with Mr. Chen."
"..."
Everyone smiled and said.
"You agree, but I don't!"
"30 billion, then 20 billion is a little lesson for you."
"If you agree, then sign the debt transfer contract now. If you don't agree, please leave and don't contact me in the future."
Chen Mo's words were ironclad, and everyone had to compromise even if they didn't want to compromise.
2 hours later.
Yang Xu and others signed the debt transfer contract and handed it to Chen Mo respectfully.
Holding these contracts, Chen Mo asked He Chaoling to make a statistical estimate.
"The principal is 500 billion, and the various loan interests add up to 100 billion, so the principal and interest add up to more than 600 billion."
"The total amount of all the assets that can be found on the market is far less than this number."
"In other words, no matter how much family business Shang Li inherits, it will all be transferred to you in the end, even the assets under his name now must be transferred to you without reason."
He Chaoling said with a smile.
"Okay, let Liu Ruyan prepare and bring the children to attend Shang Ying's funeral with me!"